For much of the pandemic, economists agreed that child care challenges and worries about the virus were keeping people from returning to the labor market. But recently, it has become clear that early retirements are also playing a role.
That makes it hard for businesses to keep up with rampant demand. Economists worry how long it will take for people on the sidelines to come back into the workforce.For much of the pandemic, economists agreed that child care challenges and worries about the virus were keeping people from returning to the labor market.But recently, it has become clear that there is another dynamic at work here: early retirement.
Overall, participation for this group has remained pretty much flat during 2021. The lack of recovery in participation of older workers leads to the conclusion that early retirement -- whether forced or voluntary -- is a big part of the participation rate puzzle.Forced into early retirementWhile early retirement may sound like a dream to some, it's not necessarily a happy story for everyone.
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